Economics and Globalization | Wilson Center

Economics and Globalization

India’s Election Results: Impacts on the Economy and Economic Relations with Washington

On May 23, India’s ruling Bharatiya Janata Party (BJP) expanded its mandate with a landslide victory. What do these results mean for India’s economy? Rising unemployment and economic reforms pose significant challenges, but trade is also a key flashpoint – especially with Washington. Will the U.S.-India economic relationship expand to match an already fast-growing defense partnership? Or will commercial strains affect this burgeoning strategic relationship? What impact might U.S. trade tensions with China have on its trade relations with India?

Modi’s Victory is a Good Thing for Washington—with Caveats

On May 23, India’s ruling Bharatiya Janata Party (BJP) won a resounding victory in national elections. While many analysts and observers had expected a repeat victory—given the struggles of the Congress Party to cobble together a formidable opposition coalition and given the sheer popularity of Prime Minister Narendra Modi—few had expected the BJP to win by such a large margin. The BJP will now come to power, just as it did after a similar landslide win in 2014, with a large mandate to pursue a number of key objectives.

Time to Seal the Deal on USMCA

The time is ripe for the Trump administration and the Democratic majority in the House of Representatives to forge an agreement for approval of the new North American trade agreement, called the U.S.-Mexico-Canada Agreement, or the USMCA.

The new NAFTA will give North America at least 16 years of modern, predictable rules and processes for strengthening the continent’s massive trade and co-production networks, including the many millions of jobs they support.

The Future of Mercosur Under the Bolsonaro Administration

Poisoned Crude: Moscow Acquiesces for Now, But More in Store for Belarus

BY VICTOR MARTINOVICH

The possible integration of Belarus and Russia, which had been the source of speculation for months, seemed close to a formal arrangement as recently as March. Then a series of crises happened. With both sides remaining mum as to their true intentions, it is unclear whether this is a kind of pre-sale bargaining or a real fallout.

The South China Sea in Strategic Terms

In recent years, U.S. military planners have shifted their focus from counterterrorism, low intensity conflict to great power, high intensity threats.  The most likely single scenario for a major military engagement against a great power adversary would be one against China centered on the South China Sea.  There are certainly other situations involving other challenges, but this is the most plausible and dangerous.  Any such assertion must rest on an understanding that critical U.S.

U.S.-China Trade Talks To Continue As Higher Tariffs Take Effect

“It’s been estimated that costs of apparel and clothing for a family of four could go up by $500 if we put 25% tariffs on all remaining Chinese exports as has been threatened,” said Kissinger Institute Robert Daly in this interview with Noel King.

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